If This Is Your Time - It's A Great Time!

We've all heard how terrible the real estate market is - don't buy now, better wait. Wait for what and how long? I don't disagree, for some it may be the best option and we are happy to help you navigate that decision making process. So, please give us a call and let's chat.

But, if this is your time - it is a great time and you shouldn't wait. If you are comfortable in your job and you have good and adequate credit - this is an opportunity and it's not going to last. Interest rates are still at historical lows and decreased home values can make this an opportune time to buy or make a move. It's like the Big Apple sale at Foley's.

I know you are thinking, "but I've lost value in my home - I can't afford to sell it". Hmmm, or could that be, I can't afford not to sell it? If you are using this opportunity to sell your home and make a move, it's likely that the home you are purchasing, also affected by the market, will be making a price adjustment. So, if you are buying a home at a discount, then your real loss is the difference between what you lost on your home and what you saved on the purchase. Right? Also, when we begin seeing that appreciation again and I think it's coming soon, you will have gained more appreciation on the more expensive home.

As reported in Saturday's business section of the Rocky Mountain News, Lawrence Yun, chief economist for the REALTORS, said there are some glimmers of hope that the bottom may be near. California has experienced a sales turn around and it was beginning to spread to other regions, including Colorado, Kansas, Minnesota, Missouri, and Rhode Island.

Beware of Road Construction

Construction will begin at the Intersections of Arapahoe Road and University Boulevard on Monday, October 13th. For more information visit the City of Centennial Website.

The Market is Showing Signs Of Improvement!

Finally, we are starting to read some positive news articles about the Denver area real-estate market.

As reported in the Rocky Mountain News (9/30): Denver home prices buck national trend: Denver area home values bucked a national trend, according to the closely watched Standard & Poor's/Case-Shiller Home Price Indices released today (9/30). In the 12-month period ending in July, Denver area home prices dropped by 4.7%, compared with an overall 16.3% drop for all of the 20 metropolitan areas in the study.

As Reported in the Denver Post: Denver's stronger real-estate market good news for buyers: Colorado's largest mortgage lender is making it easier for homebuyers to borrow money. Wells Fargo Home Mortgage on 9/13, upgraded the status of the Denver metropolitan area's real-estate market from "distressed" to "stable".

MLS Statistics: Housing inventory down: Listing inventory drops 18.733% in one year! This September shows an active listing inventory of 25,543 units for residential and condominium homes on the market. This is the lowest September inventory since 2004!